Business News
Technology entrepreneurs: Five women to look out for this year
The tech industry is seeing women carving their way and proudly crafting the technology scene in the country, by leading the tech bandwagon and breaking stereotypes of the male dominance in the tech industry
Wellness candles: The new stress-relieving trend
Wellness candles are a great way to incorporate self-care and relaxation into your daily routine. Whether you're looking to reduce stress and anxiety, improve your sleep quality, or simply create a relaxing atmosphere in your home, wellness candles are a great option to consider
Why is San Francisco’s First Republic Bank in trouble? Why did the biggest US banks step in to save it?
After the Silicon Valley Bank debacle, First Republic came under scrutiny for uninsured deposits. Its shares fell, as it scrambled to reassure customers it can avoid the same fate. Now, 11 of the biggest US banks have announced a $30 billion rescue package to prop it up and stave off a bigger crisis
Gold price today: 10 grams of 24-carat sold at Rs 58,430; silver at Rs 69,200 per kilo
Ten grams of 24-carat gold in India is priced at Rs 58,420 today, 17 March. One kilo of silver is being traded at Rs 69,200. Ten grams of 24-carat gold in India is priced at Rs 58,420 today, 17 March
India's TCS CEO Rajesh Gopinathan to step down, veteran Krithivasan to take over
The company named K Krithivasan as CEO-designate, effective 16 March, and said he would take over as CEO and managing director in the next financial year, subject to shareholders' approval. He joined TCS in 1989 and has held various leadership roles in the company
Group of banks working on rescue plan for First Republic
Sources familiar with the matter said that JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs are part of the group of banks pulling together the package. It is likely to consist of $30 billion in deposits and capital for First Republic
Credit Suisse crisis: Does India have reasons to worry?
There is more panic in the banking world, as Credit Suisse shares plummeted on Wednesday. The global investment institution has a presence in India with assets worth Rs 20,000 crore. Will the bank’s future impact the world’s fastest-growing economy?
'Doctor Doom' Nouriel Roubini spells weekend meltdown for Credit Suisse
The European Central Bank has already committed to raising its deposit rate by 50 bps to 3 per cent on Thursday
Gold price today: 10 grams of 24-carat sold at Rs 57,860; silver at Rs 68,600 per kilo
According to the MCX data, gold futures dropped by 0.64 per cent to stand at Rs 57,960 and silver futures fell by 0.44 per cent to trade at Rs 67,000
Credit Suisse says it will borrow up to $53.7 billion from central bank
Credit Suisse announced Thursday that it will borrow up to 50 billion francs ($53.7 billion) from the Swiss central bank to reinforce the group after its shares plunged
Investment bank Credit Suisse's shares sink as top shareholder rules out more cash
Credit Suisse's market value had already suffered heavy falls this week over fears of contagion from the collapse of two US banks and its annual report citing "material weaknesses" in internal controls
US wholesale inflation fell unexpectedly in February on lower food costs
The producer price index dropped 0.1 per cent in February from a month ago, the Labor Department said, after a 0.3 per cent increase in January
India adds 23 new unicorns in 2022, overtakes China for the second consecutive year
For the second time in a row, India topped China creating 23 unicorns in 2022, taking the total number of such high-value companies to 96, as against China's 11 in the year, said a reporty by IVCA-Bain & Co
Rupee closer to replacing dollar as 18 nations agree to trade in INR
The process of SRVAs started last year in the month of July when the RBI issued detailed guidelines on cross-border trade transactions in the Indian rupees (INR)
Gold price today: 10 grams of 24-carat sold at Rs 57,990; silver at Rs 68,500 per kilo
According to the MCX data, gold fell by 0.13 per cent to trade at Rs 57,408 and silver futures dropped by 0.42 per cent to stand at Rs 66,675
Meta to lay off 10,000 employees in second round of job cuts
The layoff underscores Mark Zuckerberg's push to turn 2023 into the 'Year of Efficiency' with promised cost cuts of $5 billion in expenses to between $89 billion and $95 billion
Credit Suisse bank's executive board won't receive a bonus for 2022
This comes after the company, in 2022 reported its biggest annual loss since the 2008 global financial crisis
Govt taking steps to make India $5 trillion economy 'at an early date'
The IMF's World Economic Outlook earlier said the size of the Indian economy will increase from USD 3.2 trillion in 2021-22 to USD 3.5 trillion in 2022-23 and cross USD 5 trillion in 2026-27
Gold price today: 10 grams of 24-carat sold at Rs 57,220; silver at Rs 66,000 per kilo
As per the MCX data, gold futures dropped by 0.37 per cent to stand at Rs 57,431 and silver futures fell by 0.42 per cent to trade at Rs 66,375
Crude oil prices fall as banking fears rattle markets
Brent crude futures were down $1.44, or 1.7%, to $81.34 per barrel by 1001 GMT. West Texas Intermediate crude futures fell by $1.40, or 1.8%, to $75.28 a barrel